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                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>META PLATFORMS INC</name>
                <lei>BQ4BKCS1HXDV9HN80Z93</lei>
                <title>COMMON STOCK</title>
                <cusip>30303M102</cusip>
                <identifiers>
                    <isin value="US30303M1027"/>
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                <balance>11480</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>3861298</valUSD>
                <pctVal>2.188887531755</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>CHUY'S HOLDINGS INC</name>
                <lei>N/A</lei>
                <title>COMMON STOCK</title>
                <cusip>171604101</cusip>
                <identifiers>
                    <isin value="US1716041017"/>
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                <balance>10339</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>311410.68</valUSD>
                <pctVal>0.176532076703</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>ABBVIE INC</name>
                <lei>FR5LCKFTG8054YNNRU85</lei>
                <title>COMMON STOCK</title>
                <cusip>00287Y109</cusip>
                <identifiers>
                    <isin value="US00287Y1091"/>
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                <balance>21150</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>2863710</valUSD>
                <pctVal>1.62337615837</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>ARMADA HOFFLER PROPERTIES INC</name>
                <lei>549300WQRSIV6XZT9313</lei>
                <title>COMMON STOCK</title>
                <cusip>04208T108</cusip>
                <identifiers>
                    <isin value="US04208T1088"/>
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                <balance>55800</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>849276</valUSD>
                <pctVal>0.481436461889</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>RINGCENTRAL INC</name>
                <lei>549300C8EH0H1614VE84</lei>
                <title>COMMON STOCK</title>
                <cusip>76680R206</cusip>
                <identifiers>
                    <isin value="US76680R2067"/>
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                <balance>942</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>176483.7</valUSD>
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                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>GAMING AND LEISURE PROPERTIES INC</name>
                <lei>5493006GWRDBCZYWTM57</lei>
                <title>COMMON STOCK</title>
                <cusip>36467J108</cusip>
                <identifiers>
                    <isin value="US36467J1088"/>
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                <balance>40274</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>1959732.84</valUSD>
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                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>ALPHABET INC</name>
                <lei>5493006MHB84DD0ZWV18</lei>
                <title>COMMON STOCK</title>
                <cusip>02079K107</cusip>
                <identifiers>
                    <isin value="US02079K1079"/>
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                <balance>2464</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>7129805.76</valUSD>
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                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>UPLAND SOFTWARE INC</name>
                <lei>549300NS277POYJ63W89</lei>
                <title>COMMON STOCK</title>
                <cusip>91544A109</cusip>
                <identifiers>
                    <isin value="US91544A1097"/>
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                <balance>5417</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>97180.98</valUSD>
                <pctVal>0.055089826127</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
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                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>SUMMIT MATERIALS INC</name>
                <lei>N/A</lei>
                <title>COMMON STOCK</title>
                <cusip>86614U100</cusip>
                <identifiers>
                    <isin value="US86614U1007"/>
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                <balance>13290</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>533460.6</valUSD>
                <pctVal>0.302407443306</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>PAYPAL HOLDINGS INC</name>
                <lei>5493005X2GO78EFZ3E94</lei>
                <title>COMMON STOCK</title>
                <cusip>70450Y103</cusip>
                <identifiers>
                    <isin value="US70450Y1038"/>
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                <balance>4387</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>827300.46</valUSD>
                <pctVal>0.468978996677</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>DYNATRACE INC</name>
                <lei>N/A</lei>
                <title>COMMON STOCK</title>
                <cusip>268150109</cusip>
                <identifiers>
                    <isin value="US2681501092"/>
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                <balance>17533</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>1058116.55</valUSD>
                <pctVal>0.5998237182</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>KURA SUSHI USA INC</name>
                <lei>N/A</lei>
                <title>COMMON STOCK</title>
                <cusip>501270102</cusip>
                <identifiers>
                    <isin value="US5012701026"/>
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                <balance>3460</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>279706.4</valUSD>
                <pctVal>0.158559596155</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>OTIS WORLDWIDE CORP</name>
                <lei>549300ZLBKR8VSU25153</lei>
                <title>COMMON STOCK</title>
                <cusip>68902V107</cusip>
                <identifiers>
                    <isin value="US68902V1070"/>
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                <balance>20546</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>1788940.22</valUSD>
                <pctVal>1.014112079051</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>PERSHING SQUARE TONTINE HOLDINGS LTD</name>
                <lei>549300ZDVEYEVCF35B08</lei>
                <title>COMMON STOCK</title>
                <cusip>71531R109</cusip>
                <identifiers>
                    <isin value="US71531R1095"/>
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                <balance>66148</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>1304438.56</valUSD>
                <pctVal>0.73945841526</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>FIRSTMARK HORIZON ACQUISITION CORP</name>
                <lei>N/A</lei>
                <title>COMMON STOCK</title>
                <cusip>33765Y101</cusip>
                <identifiers>
                    <isin value="US33765Y1010"/>
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                <balance>24362</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>240940.18</valUSD>
                <pctVal>0.136583852347</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>SENIOR CONNECT ACQUISITION CORP I</name>
                <lei>N/A</lei>
                <title>COMMON STOCK</title>
                <cusip>81723H108</cusip>
                <identifiers>
                    <isin value="US81723H1086"/>
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                <balance>36421</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>354740.54</valUSD>
                <pctVal>0.201094850751</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>KARAT PACKAGING INC</name>
                <lei>549300JYUKCQP3P8D632</lei>
                <title>COMMON STOCK</title>
                <cusip>48563L101</cusip>
                <identifiers>
                    <isin value="US48563L1017"/>
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                <balance>22886</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>462526.06</valUSD>
                <pctVal>0.262196164566</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>ALIGNMENT HEALTHCARE INC</name>
                <lei>N/A</lei>
                <title>COMMON STOCK</title>
                <cusip>01625V104</cusip>
                <identifiers>
                    <isin value="US01625V1044"/>
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                <balance>14493</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>203771.58</valUSD>
                <pctVal>0.115513765264</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>BIRD GLOBAL INC</name>
                <lei>N/A</lei>
                <title>COMMON STOCK</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <ticker value="PVTG8633T909"/>
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                <balance>38635</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>238377.95</valUSD>
                <pctVal>0.135131378775</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>LUCID DIAGNOSTICS INC</name>
                <lei>N/A</lei>
                <title>COMMON STOCK</title>
                <cusip>54948X109</cusip>
                <identifiers>
                    <isin value="US54948X1090"/>
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                <balance>11492</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>61712.04</valUSD>
                <pctVal>0.03498324007</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>MORGAN STANLEY</name>
                <lei>IGJSJL3JD5P30I6NJZ34</lei>
                <title>COMMON STOCK</title>
                <cusip>617446448</cusip>
                <identifiers>
                    <isin value="US6174464486"/>
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                <balance>15388</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>1510486.08</valUSD>
                <pctVal>0.856262362398</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>INTUIT INC</name>
                <lei>VI90HBPH7XSFMB9E4M29</lei>
                <title>COMMON STOCK</title>
                <cusip>461202103</cusip>
                <identifiers>
                    <isin value="US4612021034"/>
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                <balance>1000</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>643220</valUSD>
                <pctVal>0.36462770762</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>CVS HEALTH CORP</name>
                <lei>549300EJG376EN5NQE29</lei>
                <title>COMMON STOCK</title>
                <cusip>126650100</cusip>
                <identifiers>
                    <isin value="US1266501006"/>
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                <balance>13423</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>1384716.68</valUSD>
                <pctVal>0.784966370341</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>MOLSON COORS BEVERAGE CO</name>
                <lei>54930073LBBH6ZCBE225</lei>
                <title>COMMON STOCK</title>
                <cusip>60871R209</cusip>
                <identifiers>
                    <isin value="US60871R2094"/>
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                <balance>16446</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>762272.1</valUSD>
                <pctVal>0.432115805487</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>NORTHROP GRUMMAN CORP</name>
                <lei>RIMU48P07456QXSO0R61</lei>
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                <cusip>666807102</cusip>
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                    <isin value="US6668071029"/>
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                <curCd>USD</curCd>
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                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
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                    <isCashCollateral>N</isCashCollateral>
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            <invstOrSec>
                <name>SOUTHWEST AIRLINES CO</name>
                <lei>UDTZ87G0STFETI6HGH41</lei>
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                <cusip>844741108</cusip>
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                    <isin value="US8447411088"/>
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                <balance>25467</balance>
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                <assetCat>EC</assetCat>
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                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
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                    <isCashCollateral>N</isCashCollateral>
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            <invstOrSec>
                <name>APPLE INC</name>
                <lei>HWUPKR0MPOU8FGXBT394</lei>
                <title>COMMON STOCK</title>
                <cusip>037833100</cusip>
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                    <isin value="US0378331005"/>
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                <balance>77471</balance>
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                <curCd>USD</curCd>
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                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
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                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
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                    <isCashCollateral>N</isCashCollateral>
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            <invstOrSec>
                <name>UNITED RENTALS INC</name>
                <lei>5323X5O7RN0NKFCDRY08</lei>
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                <cusip>911363109</cusip>
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                    <isin value="US9113631090"/>
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                <curCd>USD</curCd>
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                <assetCat>EC</assetCat>
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                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
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                    <isCashCollateral>N</isCashCollateral>
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            <invstOrSec>
                <name>RAYMOND JAMES FINANCIAL INC</name>
                <lei>RGUZHJ05YTITL6D76949</lei>
                <title>COMMON STOCK</title>
                <cusip>754730109</cusip>
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                    <isin value="US7547301090"/>
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                <curCd>USD</curCd>
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                <assetCat>EC</assetCat>
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                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
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                    <isCashCollateral>N</isCashCollateral>
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            <invstOrSec>
                <name>NUCOR CORP</name>
                <lei>549300GGJCRSI2TIEJ46</lei>
                <title>COMMON STOCK</title>
                <cusip>670346105</cusip>
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                    <isin value="US6703461052"/>
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                <balance>9398</balance>
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                <curCd>USD</curCd>
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                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
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                    <isCashCollateral>N</isCashCollateral>
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            <invstOrSec>
                <name>BANK OF AMERICA CORP</name>
                <lei>9DJT3UXIJIZJI4WXO774</lei>
                <title>COMMON STOCK</title>
                <cusip>060505104</cusip>
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                    <isin value="US0605051046"/>
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                <curCd>USD</curCd>
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                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>EASTMAN CHEMICAL CO</name>
                <lei>FDPVHDGJ1IQZFK9KH630</lei>
                <title>COMMON STOCK</title>
                <cusip>277432100</cusip>
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                    <isin value="US2774321002"/>
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                <balance>8596</balance>
                <units>NS</units>
                <curCd>USD</curCd>
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                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>PULTE HOMES INC</name>
                <lei>N/A</lei>
                <title>COMMON STOCK</title>
                <cusip>745867101</cusip>
                <identifiers>
                    <isin value="US7458671010"/>
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                <balance>42034</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>2402663.44</valUSD>
                <pctVal>1.362018690819</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>WALT DISNEY CO/THE</name>
                <lei>549300GZKULIZ0WOW665</lei>
                <title>COMMON STOCK</title>
                <cusip>254687106</cusip>
                <identifiers>
                    <isin value="US2546871060"/>
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                <balance>8514</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>1318733.46</valUSD>
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                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>TENET HEALTHCARE CORP</name>
                <lei>0W9AIBT6U6ADJ2I8HK17</lei>
                <title>COMMON STOCK</title>
                <cusip>88033G407</cusip>
                <identifiers>
                    <isin value="US88033G4073"/>
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                <balance>19133</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>1562974.77</valUSD>
                <pctVal>0.886017081951</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>UNITEDHEALTH GROUP INC</name>
                <lei>549300GHBMY8T5GXDE41</lei>
                <title>COMMON STOCK</title>
                <cusip>91324P102</cusip>
                <identifiers>
                    <isin value="US91324P1021"/>
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                <balance>6888</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>3458740.32</valUSD>
                <pctVal>1.960686163572</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>PROCTER  AND  GAMBLE CO/THE</name>
                <lei>2572IBTT8CCZW6AU4141</lei>
                <title>COMMON STOCK</title>
                <cusip>742718109</cusip>
                <identifiers>
                    <isin value="US7427181091"/>
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                <balance>9596</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>1569713.68</valUSD>
                <pctVal>0.889837226388</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>VORNADO REALTY TRUST</name>
                <lei>N/A</lei>
                <title>COMMON STOCK</title>
                <cusip>929042109</cusip>
                <identifiers>
                    <isin value="US9290421091"/>
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                <balance>5887</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>246429.82</valUSD>
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                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>WALMART INC</name>
                <lei>Y87794H0US1R65VBXU25</lei>
                <title>COMMON STOCK</title>
                <cusip>931142103</cusip>
                <identifiers>
                    <isin value="US9311421039"/>
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                <balance>17799</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>2575337.31</valUSD>
                <pctVal>1.459903827139</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>NCR CORP</name>
                <lei>549300YKTY8JX1DV2R67</lei>
                <title>COMMON STOCK</title>
                <cusip>62886E108</cusip>
                <identifiers>
                    <isin value="US62886E1082"/>
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                <balance>19663</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>790452.6</valUSD>
                <pctVal>0.448090730263</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>STARBUCKS CORP</name>
                <lei>OQSJ1DU9TAOC51A47K68</lei>
                <title>COMMON STOCK</title>
                <cusip>855244109</cusip>
                <identifiers>
                    <isin value="US8552441094"/>
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                <balance>5100</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>596547</valUSD>
                <pctVal>0.338169778765</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>NIKE INC</name>
                <lei>787RXPR0UX0O0XUXPZ81</lei>
                <title>COMMON STOCK</title>
                <cusip>654106103</cusip>
                <identifiers>
                    <isin value="US6541061031"/>
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                <balance>4600</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>766682</valUSD>
                <pctVal>0.434615683799</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>MEDTRONIC PLC</name>
                <lei>549300GX3ZBSQWUXY261</lei>
                <title>COMMON STOCK</title>
                <cusip>G5960L103</cusip>
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                    <isin value="IE00BTN1Y115"/>
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                <balance>8537</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>883152.65</valUSD>
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                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>IE</invCountry>

                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>BERKSHIRE HATHAWAY INC</name>
                <lei>5493000C01ZX7D35SD85</lei>
                <title>COMMON STOCK</title>
                <cusip>084670702</cusip>
                <identifiers>
                    <isin value="US0846707026"/>
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                <balance>11833</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>3538067</valUSD>
                <pctVal>2.005654767598</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>QUALCOMM INC</name>
                <lei>H1J8DDZKZP6H7RWC0H53</lei>
                <title>COMMON STOCK</title>
                <cusip>747525103</cusip>
                <identifiers>
                    <isin value="US7475251036"/>
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                <balance>4200</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>768054</valUSD>
                <pctVal>0.435393441354</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>AVERY DENNISON CORP</name>
                <lei>549300PW7VPFCYKLIV37</lei>
                <title>COMMON STOCK</title>
                <cusip>053611109</cusip>
                <identifiers>
                    <isin value="US0536111091"/>
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                <balance>2885</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>624804.45</valUSD>
                <pctVal>0.354188324856</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>TEXAS INSTRUMENTS INC</name>
                <lei>WDJNR2L6D8RWOEB8T652</lei>
                <title>COMMON STOCK</title>
                <cusip>882508104</cusip>
                <identifiers>
                    <isin value="US8825081040"/>
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                <balance>6182</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>1165121.54</valUSD>
                <pctVal>0.660482566196</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>COCA-COLA CO/THE</name>
                <lei>UWJKFUJFZ02DKWI3RY53</lei>
                <title>COMMON STOCK</title>
                <cusip>191216100</cusip>
                <identifiers>
                    <isin value="US1912161007"/>
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                <balance>26727</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>1582505.67</valUSD>
                <pctVal>0.897088732855</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>HONEYWELL INTERNATIONAL INC</name>
                <lei>ISRPG12PN4EIEOEMW547</lei>
                <title>COMMON STOCK</title>
                <cusip>438516106</cusip>
                <identifiers>
                    <isin value="US4385161066"/>
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                <balance>10833</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>2258788.83</valUSD>
                <pctVal>1.28045924113</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
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                    <isCashCollateral>N</isCashCollateral>
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            <invstOrSec>
                <name>CITIGROUP INC</name>
                <lei>6SHGI4ZSSLCXXQSBB395</lei>
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                <cusip>172967424</cusip>
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                <curCd>USD</curCd>
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                <assetCat>EC</assetCat>
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                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
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                    <isCashCollateral>N</isCashCollateral>
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            <invstOrSec>
                <name>ALTRIA GROUP INC</name>
                <lei>XSGZFLO9YTNO9VCQV219</lei>
                <title>COMMON STOCK</title>
                <cusip>02209S103</cusip>
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                <balance>25550</balance>
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                <curCd>USD</curCd>
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                <assetCat>EC</assetCat>
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                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
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                    <isCashCollateral>N</isCashCollateral>
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            <invstOrSec>
                <name>RAYTHEON TECHNOLOGIES CORP</name>
                <lei>I07WOS4YJ0N7YRFE7309</lei>
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                <cusip>75513E101</cusip>
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                    <isin value="US75513E1010"/>
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                <curCd>USD</curCd>
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                <assetCat>EC</assetCat>
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                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
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                    <isCashCollateral>N</isCashCollateral>
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            <invstOrSec>
                <name>ORACLE CORP</name>
                <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
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                <cusip>68389X105</cusip>
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                    <isin value="US68389X1054"/>
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                <balance>26502</balance>
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                <curCd>USD</curCd>
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                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
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                    <isCashCollateral>N</isCashCollateral>
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            <invstOrSec>
                <name>MICROSOFT CORP</name>
                <lei>INR2EJN1ERAN0W5ZP974</lei>
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                <cusip>594918104</cusip>
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                <balance>42394</balance>
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                <curCd>USD</curCd>
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                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
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                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>AMAZON.COM INC</name>
                <lei>ZXTILKJKG63JELOEG630</lei>
                <title>COMMON STOCK</title>
                <cusip>023135106</cusip>
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                    <isin value="US0231351067"/>
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                <curCd>USD</curCd>
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                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
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            <invstOrSec>
                <name>KEYCORP</name>
                <lei>RKPI3RZGV1V1FJTH5T61</lei>
                <title>COMMON STOCK</title>
                <cusip>493267108</cusip>
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                    <isin value="US4932671088"/>
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                <balance>42450</balance>
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                <curCd>USD</curCd>
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                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
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            <invstOrSec>
                <name>LAM RESEARCH CORP</name>
                <lei>549300I4GMO6D34U1T02</lei>
                <title>COMMON STOCK</title>
                <cusip>512807108</cusip>
                <identifiers>
                    <isin value="US5128071082"/>
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                <balance>2992</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>2151696.8</valUSD>
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                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>MCDONALD'S CORP</name>
                <lei>UE2136O97NLB5BYP9H04</lei>
                <title>COMMON STOCK</title>
                <cusip>580135101</cusip>
                <identifiers>
                    <isin value="US5801351017"/>
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                <balance>3000</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>804210</valUSD>
                <pctVal>0.455889507081</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>CONOCOPHILLIPS </name>
                <lei>WPTL2Z3FIYTHSP5V2253</lei>
                <title>COMMON STOCK</title>
                <cusip>20825C104</cusip>
                <identifiers>
                    <isin value="US20825C1045"/>
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                <balance>15693</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>1132720.74</valUSD>
                <pctVal>0.642115243306</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>EXELON CORP</name>
                <lei>3SOUA6IRML7435B56G12</lei>
                <title>COMMON STOCK</title>
                <cusip>30161N101</cusip>
                <identifiers>
                    <isin value="US30161N1019"/>
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                <balance>28494</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>1645813.44</valUSD>
                <pctVal>0.932976558248</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>LOWE'S COS INC</name>
                <lei>WAFCR4OKGSC504WU3E95</lei>
                <title>COMMON STOCK</title>
                <cusip>548661107</cusip>
                <identifiers>
                    <isin value="US5486611073"/>
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                <balance>12443</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>3216266.64</valUSD>
                <pctVal>1.823233002762</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>ADOBE INC</name>
                <lei>FU4LY2G4933NH2E1CP29</lei>
                <title>COMMON STOCK</title>
                <cusip>00724F101</cusip>
                <identifiers>
                    <isin value="US00724F1012"/>
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                <balance>1825</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>1034884.5</valUSD>
                <pctVal>0.586653964252</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>GOLDMAN SACHS GROUP INC/THE</name>
                <lei>784F5XWPLTWKTBV3E584</lei>
                <title>COMMON STOCK</title>
                <cusip>38141G104</cusip>
                <identifiers>
                    <isin value="US38141G1040"/>
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                <balance>5823</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>2227588.65</valUSD>
                <pctVal>1.262772524127</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>MERCK  AND  CO INC</name>
                <lei>4YV9Y5M8S0BRK1RP0397</lei>
                <title>COMMON STOCK</title>
                <cusip>58933Y105</cusip>
                <identifiers>
                    <isin value="US58933Y1055"/>
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                <balance>9400</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>720416</valUSD>
                <pctVal>0.408388474569</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>FREEPORT-MCMORAN INC</name>
                <lei>549300IRDTHJQ1PVET45</lei>
                <title>COMMON STOCK</title>
                <cusip>35671D857</cusip>
                <identifiers>
                    <isin value="US35671D8570"/>
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                <balance>33439</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>1395409.47</valUSD>
                <pctVal>0.791027885073</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>

                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>PG AND E CORP</name>
                <lei>8YQ2GSDWYZXO2EDN3511</lei>
                <title>COMMON STOCK</title>
                <cusip>69331C108</cusip>
                <identifiers>
                    <isin value="US69331C1080"/>
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                <balance>94827</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>1151199.78</valUSD>
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                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>REGENERON PHARMACEUTICALS INC</name>
                <lei>549300RCBFWIRX3HYQ56</lei>
                <title>COMMON STOCK</title>
                <cusip>75886F107</cusip>
                <identifiers>
                    <isin value="US75886F1075"/>
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                <balance>1200</balance>
                <units>NS</units>
                <curCd>USD</curCd>
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                <pctVal>0.429594272409</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>ELI LILLY  AND  CO</name>
                <lei>FRDRIPF3EKNDJ2CQJL29</lei>
                <title>COMMON STOCK</title>
                <cusip>532457108</cusip>
                <identifiers>
                    <isin value="US5324571083"/>
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                <balance>5409</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>1494073.98</valUSD>
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                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
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                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
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            <invstOrSec>
                <name>JOHNSON  AND  JOHNSON</name>
                <lei>549300G0CFPGEF6X2043</lei>
                <title>COMMON STOCK</title>
                <cusip>478160104</cusip>
                <identifiers>
                    <isin value="US4781601046"/>
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                <balance>17326</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>2963958.82</valUSD>
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                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>BOSTON PROPERTIES INC</name>
                <lei>549300OF70FSEUQBT254</lei>
                <title>COMMON STOCK</title>
                <cusip>101121101</cusip>
                <identifiers>
                    <isin value="US1011211018"/>
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                <balance>5593</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>644201.74</valUSD>
                <pctVal>0.365184235099</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>DEERE  AND  CO</name>
                <lei>PWFTNG3EI0Y73OXWDH08</lei>
                <title>COMMON STOCK</title>
                <cusip>244199105</cusip>
                <identifiers>
                    <isin value="US2441991054"/>
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                <balance>2208</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>757101.12</valUSD>
                <pctVal>0.429184487146</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>AMGEN INC</name>
                <lei>62QBXGPJ34PQ72Z12S66</lei>
                <title>COMMON STOCK</title>
                <cusip>031162100</cusip>
                <identifiers>
                    <isin value="US0311621009"/>
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                <balance>7618</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>1713821.46</valUSD>
                <pctVal>0.97152885518</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>AT AND T INC</name>
                <lei>549300Z40J86GGSTL398</lei>
                <title>COMMON STOCK</title>
                <cusip>00206R102</cusip>
                <identifiers>
                    <isin value="US00206R1023"/>
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                <balance>28006</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>688947.6</valUSD>
                <pctVal>0.390549709365</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
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            </invstOrSec>
            <invstOrSec>
                <name>TARGET CORP</name>
                <lei>8WDDFXB5T1Z6J0XC1L66</lei>
                <title>COMMON STOCK</title>
                <cusip>87612E106</cusip>
                <identifiers>
                    <isin value="US87612E1064"/>
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                <balance>12716</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>2942991.04</valUSD>
                <pctVal>1.668318890053</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>CISCO SYSTEMS INC/DELAWARE</name>
                <lei>549300LKFJ962MZ46593</lei>
                <title>COMMON STOCK</title>
                <cusip>17275R102</cusip>
                <identifiers>
                    <isin value="US17275R1023"/>
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                <balance>47297</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>2997210.89</valUSD>
                <pctVal>1.69905496731</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>UNION PACIFIC CORP</name>
                <lei>549300LMMRSZZCZ8CL11</lei>
                <title>COMMON STOCK</title>
                <cusip>907818108</cusip>
                <identifiers>
                    <isin value="US9078181081"/>
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                <balance>10859</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>2735707.87</valUSD>
                <pctVal>1.550814479268</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>INTEL CORP</name>
                <lei>KNX4USFCNGPY45LOCE31</lei>
                <title>COMMON STOCK</title>
                <cusip>458140100</cusip>
                <identifiers>
                    <isin value="US4581401001"/>
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                <balance>29918</balance>
                <units>NS</units>
                <curCd>USD</curCd>
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                <pctVal>0.873433639288</pctVal>
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                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
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                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>PFIZER INC</name>
                <lei>765LHXWGK1KXCLTFYQ30</lei>
                <title>COMMON STOCK</title>
                <cusip>717081103</cusip>
                <identifiers>
                    <isin value="US7170811035"/>
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                <balance>19600</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>1157380</valUSD>
                <pctVal>0.656094052182</pctVal>
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                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>BEST BUY CO INC</name>
                <lei>HL5XPTVRV0O8TUN5LL90</lei>
                <title>COMMON STOCK</title>
                <cusip>086516101</cusip>
                <identifiers>
                    <isin value="US0865161014"/>
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                <balance>11040</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>1121664</valUSD>
                <pctVal>0.635847413077</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>MCKESSON CORP</name>
                <lei>549300WZWOM80UCFSF54</lei>
                <title>COMMON STOCK</title>
                <cusip>58155Q103</cusip>
                <identifiers>
                    <isin value="US58155Q1031"/>
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                <balance>6417</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>1595073.69</valUSD>
                <pctVal>0.904213275503</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>NVIDIA CORP</name>
                <lei>549300S4KLFTLO7GSQ80</lei>
                <title>COMMON STOCK</title>
                <cusip>67066G104</cusip>
                <identifiers>
                    <isin value="US67066G1040"/>
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                <balance>6700</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>1970537</valUSD>
                <pctVal>1.117055422856</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>COMCAST CORP</name>
                <lei>51M0QTTNCGUN7KFCFZ59</lei>
                <title>COMMON STOCK</title>
                <cusip>20030N101</cusip>
                <identifiers>
                    <isin value="US20030N1019"/>
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                <balance>25084</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>1262477.72</valUSD>
                <pctVal>0.715671709468</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>COMSTOCK RESOURCES INC</name>
                <lei>I03QQGEA4SS774AURI46</lei>
                <title>COMMON STOCK</title>
                <cusip>205768302</cusip>
                <identifiers>
                    <isin value="US2057683029"/>
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                <balance>29303</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>237061.27</valUSD>
                <pctVal>0.134384980948</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>ENTERPRISE PRODUCTS PARTN</name>
                <lei>K4CDIF4M54DJZ6TB4Q48</lei>
                <title>COMMON STOCK</title>
                <cusip>293792107</cusip>
                <identifiers>
                    <isin value="US2937921078"/>
                </identifiers>
                <balance>57575</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>1264347</valUSD>
                <pctVal>0.716731364456</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>ANTHEM INC</name>
                <lei>8MYN82XMYQH89CTMTH67</lei>
                <title>COMMON STOCK</title>
                <cusip>036752103</cusip>
                <identifiers>
                    <isin value="US0367521038"/>
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                <balance>1700</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>788018</valUSD>
                <pctVal>0.446710607417</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>LKQ CORP</name>
                <lei>DS830JTTZQN6GK0I2E41</lei>
                <title>COMMON STOCK</title>
                <cusip>501889208</cusip>
                <identifiers>
                    <isin value="US5018892084"/>
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                <balance>9066</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>544231.98</valUSD>
                <pctVal>0.308513509034</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>NRG ENERGY INC</name>
                <lei>5E2UPK5SW04M13XY7I38</lei>
                <title>COMMON STOCK</title>
                <cusip>629377508</cusip>
                <identifiers>
                    <isin value="US6293775085"/>
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                <balance>32850</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>1415178</valUSD>
                <pctVal>0.802234243359</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
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                    <isNonCashCollateral>N</isNonCashCollateral>
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            <invstOrSec>
                <name>LIBERTY GLOBAL PLC</name>
                <lei>549300BSGXG3QLIQYT84</lei>
                <title>COMMON STOCK</title>
                <cusip>G5480U104</cusip>
                <identifiers>
                    <isin value="GB00B8W67662"/>
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                <balance>41901</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>1162333.74</valUSD>
                <pctVal>0.658902221798</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>GB</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>SALESFORCE.COM INC</name>
                <lei>RCGZFPDMRW58VJ54VR07</lei>
                <title>COMMON STOCK</title>
                <cusip>79466L302</cusip>
                <identifiers>
                    <isin value="US79466L3024"/>
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                <balance>3533</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>897841.29</valUSD>
                <pctVal>0.50896708961</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>CBRE GROUP INC</name>
                <lei>52990016II9MJ2OSWA10</lei>
                <title>COMMON STOCK</title>
                <cusip>12504L109</cusip>
                <identifiers>
                    <isin value="US12504L1098"/>
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                <balance>17191</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>1865395.41</valUSD>
                <pctVal>1.057452896602</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>MASTERCARD INC</name>
                <lei>AR5L2ODV9HN37376R084</lei>
                <title>COMMON STOCK</title>
                <cusip>57636Q104</cusip>
                <identifiers>
                    <isin value="US57636Q1040"/>
                </identifiers>
                <balance>7418</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>2665435.76</valUSD>
                <pctVal>1.510978717975</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>PENN NATIONAL GAMING INC</name>
                <lei>N/A</lei>
                <title>CONV. NOTE</title>
                <cusip>707569AU3</cusip>
                <identifiers>
                    <isin value="US707569AU31"/>
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                <balance>214000</balance>
                <units>PA</units>
                <curCd>USD</curCd>
                <valUSD>507181.09</valUSD>
                <pctVal>0.287510149241</pctVal>
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                <assetCat>DBT</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <debtSec>
                    <maturityDt>2026-05-15</maturityDt>
                    <couponKind>Fixed</couponKind>
                    <annualizedRt>2.75</annualizedRt>
                    <isDefault>N</isDefault>
                    <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
                    <isPaidKind>N</isPaidKind>
                    <isMandatoryConvrtbl>N</isMandatoryConvrtbl>
                    <isContngtConvrtbl>N</isContngtConvrtbl>
                    <dbtSecRefInstruments>
                        <dbtSecRefInstrument>
                            <name>PENN NATIONAL GAMING INC</name>
                            <title>COMMON STOCK</title>
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<cusip value="707569109"/>
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                        <currencyInfo convRatio="42.735" curCd="USD"/>
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                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>HEALTH CARE SELECT SECTOR SPDR FUND</name>
                <lei>549300EJNY3KKJHPOY44</lei>
                <title>EXCHANGE TRADED FUND</title>
                <cusip>81369Y209</cusip>
                <identifiers>
                    <isin value="US81369Y2090"/>
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                <balance>9899</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>1394670.11</valUSD>
                <pctVal>0.790608757649</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>RF</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <loanByFundCondition isLoanByFund="Y" loanVal="1253921"/>
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            </invstOrSec>
            <invstOrSec>
                <name>CONSUMER STAPLES SELECT SECTOR SPDR FUND</name>
                <lei>549300Z52QUV3UXHLA68</lei>
                <title>EXCHANGE TRADED FUND</title>
                <cusip>81369Y308</cusip>
                <identifiers>
                    <isin value="US81369Y3080"/>
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                <balance>15954</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>1230212.94</valUSD>
                <pctVal>0.697381493418</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>RF</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <loanByFundCondition isLoanByFund="Y" loanVal="1102673"/>
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            </invstOrSec>
            <invstOrSec>
                <name>ASSURED GUARANTY LTD</name>
                <lei>549300BBOQUJEPH87M14</lei>
                <title>ORDINARY SHARES</title>
                <cusip>G0585R106</cusip>
                <identifiers>
                    <isin value="BMG0585R1060"/>
                </identifiers>
                <balance>25780</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>1294156</valUSD>
                <pctVal>0.733629451171</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>BM</invCountry>

                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>NYXOAH SA</name>
                <lei>5493002O1ESKZ18OXR80</lei>
                <title>ORDINARY SHARES</title>
                <cusip>B6S7WD106</cusip>
                <identifiers>
                    <isin value="BE0974358906"/>
                </identifiers>
                <balance>9638</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>213963.6</valUSD>
                <pctVal>0.121291404157</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>BE</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>HC BRILLANT SERVICES GMBH</name>
                <lei>N/A</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <ticker value="PVT99BQ58928"/>
                </identifiers>
                <balance>6</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.138499617"/>
                <valUSD>0</valUSD>
                <pctVal>0</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>DE</invCountry>
                <isRestrictedSec>Y</isRestrictedSec>

                <fairValLevel>3</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>UNIVERSAL MUSIC GROUP NV</name>
                <lei>724500GJBUL3D9TW9Y18</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="NL0015000IY2"/>
                </identifiers>
                <balance>9213</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.138499617"/>
                <valUSD>259917.34</valUSD>
                <pctVal>0.147341599849</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>NL</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>ARCH CAPITAL GROUP LTD</name>
                <lei>549300AYR4P8AFKDCE43</lei>
                <title>ORDINARY SHARES</title>
                <cusip>G0450A105</cusip>
                <identifiers>
                    <isin value="BMG0450A1053"/>
                </identifiers>
                <balance>26610</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>1182814.5</valUSD>
                <pctVal>0.67051232809</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>BM</invCountry>

                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>MAGNA INTERNATIONAL INC</name>
                <lei>95RWVLFZX6VGDZNNTN43</lei>
                <title>ORDINARY SHARES</title>
                <cusip>559222401</cusip>
                <identifiers>
                    <isin value="CA5592224011"/>
                </identifiers>
                <balance>21503</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>1740452.82</valUSD>
                <pctVal>0.986625605511</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>CA</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>ARCLIGHT CLEAN TRANSITION CORP II</name>
                <lei>N/A</lei>
                <title>PRIVATE INVESTMENT PUBLIC EQUITIES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <ticker value="PVT99MU70906"/>
                </identifiers>
                <balance>18666</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>167658.01</valUSD>
                <pctVal>0.0950417522</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetConditional assetCat="OTHER" desc="Other - Private Equity Investment"/>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>Y</isRestrictedSec>

                <fairValLevel>3</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>PUTNAM CASH COLLATERAL POOL LLC</name>
                <lei>5493005HRIV7IFMKD774</lei>
                <title>SHORT TERM INV FUND</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <other otherDesc="Internal ID" value="1181681"/>
                </identifiers>
                <balance>4116365</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>4116365</valUSD>
                <pctVal>2.333479577244</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>STIV</assetCat>
                <issuerCat>PF</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <cashCollateralCondition cashCollateralVal="4116365" isCashCollateral="Y"/>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>COVA ACQUISITION CORP</name>
                <lei>N/A</lei>
                <title>STOCK UNIT</title>
                <cusip>G2554Y112</cusip>
                <identifiers>
                    <isin value="KYG2554Y1127"/>
                </identifiers>
                <balance>42246</balance>
                <units>OU</units>
                <curCd>USD</curCd>
                <valUSD>422460</valUSD>
                <pctVal>0.239483569169</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
        </invstOrSecs>
        <signature>
            <ncom:dateSigned>2022-02-24</ncom:dateSigned>
            <ncom:nameOfApplicant>Putnam Investments Inc</ncom:nameOfApplicant>
            <ncom:signature>Janet C. Smith</ncom:signature>
            <ncom:signerName>NPORT</ncom:signerName>
            <ncom:title>Principal Financial Officer</ncom:title>
        </signature>
    </formData>
    <documents>XXXX</documents>
</edgarSubmission>
